SEC Endorses Expansion of 401(k) Plans to Include Private Equity and Crypto

The SEC Chair, Paul Atkins, has publicly endorsed President Trump’s executive order aiming to expand access for retail investors to private equity and cryptocurrencies within 401(k) plans. This move signifies a major shift in regulatory approach towards democratizing investment opportunities traditionally reserved for high-net-worth individuals. While the policy itself could broaden access, precise funding details and implementation timelines remain unknown. However, experts emphasize the need for safeguards to mitigate potential risks associated with private equity and crypto investments.